“Probably joining Crimea to Russia will require significant changes in tax legislation – the formation of the customs service, tax service, tax register of legal entities and persons, as well as rules to adapt to the Russian tax system. Transition periods will be needed, it is possible that that there will be special tax regimes,” said Shatalov.

Article by: Mariana Budjeryn By now, it is a well-known story: in the early 1990s, Ukraine surrendered the world’s third largest nuclear arsenal inherited from the collapsed Soviet Union in exchange for security assurances from nuclear...